Prepare reconciliation of the governmental fund balances to the net position of governmental

The following information has been provided for the City of Elizabeth for its fiscal year ended June 30. The information provided relates to financial information reported on the city's statement of net position and its total governmental funds balance. Deferred inflows of resources due to unavailability of resources to pay $363 , saa 641, laa 355 , saa 176, saa 161 , 3aa 613, saa current expenditures Capital assets Accumulated depreciation on capital assets Accrued interest on bonds and long-term notes payable Sonds and long-term notes payable Unamortized premium on bonds payable Compensated absences Total governmental fund balances Total net position of governmental activities Required 15, 7aa Prepare reconciliation of the governmental fund balances to the net position of governmental activities. (Decreases should be indicated with a minus sign.) OF ELIZAB Reconciliation of the Balance SheetGovernmental Funds to the Statement of Net Position Total fund balancesgovemmental funds Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported by funds. Other assets used in governmental activities are not financial resources and therefore are not reported by funds. Long-term liabilities: including bonds payable, are not due and payable in the current period and therefore are not reported in the funds. Accrued interest payable is not due in the current period and therefore is not included in the funds Net position of governmental activities